Spectator on facebook

Spectator on facebook

Hankook wants to go to Hungary

THE KOREAN tire maker Hankook Tire announced on Monday that it had decided to build its new factory in Hungary, the SME daily wrote. The investment, which will be worth at least half a billion euros (Sk20 billion), was originally promised to Slovakia, but the company withdrew after the Slovak cabinet refused to confirm generous state incentives offered by former Economy Minister Pavol Rusko.

After the location of the investment was announced, the Economy Ministry told journalists that it had received a letter from Hankook Tire in which the company agreed to reopen investment negotiations with Slovakia.

Hankook spokesman Kim Sung-joong told Reuters that this decision could still be reversed depending on how negotiations on detailed terms with Hungary proceeded. The Slovak embassy in the Korean Republic also confirmed that this was not the company's final decision.

Compiled by Magdalena MacLeod from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Suspicious "rural entrepreneurs" involved with Smer emerge in Nitra

Successful businesspeople from the village of Babindol who have received subsidies from EU funds worth millions have connections to the ruling Smer party.

Competition in goulash cooking Guláš CUP 2015 in Babindol: Police President Tibor Gašpar(L), ex-minister of Agriculture Ľubomír Jahnátek (R) and Labour Minister Ján Richter (2L).

Slovak mixed relay was withdrawn from competition Photo

Paulína Fialková botched the shooting, thus thwarting the hopes of the Slovak Olympic mixed team of biathletes.

L-R Kuzmina and Fialková in the failed Slovak race.

Blog: Government Affairs in Slovakia – how did this profession develop and what is its future?

It is encouraging that more and more companies based in Slovakia are starting to realize that it is also possible to shape EU policies from a small country like Slovakia and use the services of government affairs…

Illustrative stock photo

Slovak ice hockey team goes home Photo

The United States defeated their rivals from Slovakia for the second time, ending their performance at the Olympics.